Fintech · Industry brief

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Fintech funding activity this week included three notable deals: agentic AI platform Kapture CX secured $10 million in a pre-Series B round led by Bajaj Finserv Ventures, while fintech accounted for 3 deals segment-wise among 25 Indian startups raising $137 million total. On the M&A front, supply chain financing platform Mynd Fintech acquired fintech firm C2FO India, and rent financing startup CirclePe was acquired by AI-powered property management platform Crib App. Regarding regulatory and compliance developments, HiWiPay received in-principle approval from IFSCA to establish a payment service provider in GIFT IFSC, with plans to offer cross-border payment solutions and FX treasury management. Additionally, digital lending platform Fibe filed its DRHP with SEBI for an IPO comprising Rs 750 crore in fresh issue and offer for sale, signaling fintech's continued regulatory engagement with capital market authorities.

Amova Asset Management, the Tokyo-headquartered firm formerly known as Nikko Asset Management, completed its acquisition of an additional 77.675% equity interest in Malaysia's AHAM Asset Management Berhad, increasing its total ownership stake to 97.675%. The transaction, which received regulatory clearance from the Securities Commission Malaysia and Japan's Financial Services Agency, involved purchasing equity from CVC Capital Partners (68.35%), Lembaga Tabung Angkatan Tentera (7%), and AHAM Capital's key management personnel (2.325%). As of March 31, 2026, AHAM Capital ranks among Malaysia's top two asset managers with approximately RM103.4 billion in assets under administration, while Amova AM manages USD 271.5 billion in consolidated assets under management and sub-advisory globally. The acquisition integrates AHAM Capital's Shariah investment arm AIIMAN Asset Management and provides strategic access to the digital wealth platform Versa Asia, supporting Amova's broader Asian expansion strategy.